Investors with a lot of money to spend have taken a bearish stance on United States Steel X.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with X, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for United States Steel.
This isn't normal.
The overall sentiment of these big-money traders is split between 11% bullish and 88%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,500, and 8, calls, for a total amount of $366,000.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $50.0 for United States Steel over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of United States Steel stands at 3009.25, with a total volume reaching 4,075.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United States Steel, situated within the strike price corridor from $40.0 to $50.0, throughout the last 30 days.
United States Steel Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| X | CALL | SWEEP | BEARISH | 12/19/25 | $40.00 | $94.3K | 810 | 0 |
| X | CALL | TRADE | BULLISH | 12/19/25 | $50.00 | $68.2K | 1.4K | 150 |
| X | CALL | SWEEP | BEARISH | 04/19/24 | $46.00 | $37.5K | 9.5K | 500 |
| X | CALL | SWEEP | BEARISH | 04/19/24 | $46.00 | $37.5K | 9.5K | 350 |
| X | CALL | SWEEP | BEARISH | 04/19/24 | $46.00 | $36.8K | 9.5K | 750 |
About United States Steel
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
Where Is United States Steel Standing Right Now?
- Trading volume stands at 2,011,922, with X's price up by 0.02%, positioned at $47.41.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 52 days.
What The Experts Say On United States Steel
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $51.0.
- In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $51.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United States Steel options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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